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Trudeau’s Finance Shake-Up Signals Full Steam Ahead on Spending

  • Pension chief’s appointment completes overhaul at department
  • Sabia advocates for ‘bold’ fiscal action amid Covid-19 crisis
Michael Sabia speaks alongside Justin Trudeau during an Ottawa news conference on Oct. 1.
Michael Sabia speaks alongside Justin Trudeau during an Ottawa news conference on Oct. 1.Photographer: David Kawai/Bloomberg

Prime Minister Justin Trudeau took another activist turn by appointing a prominent advocate of government spending as the top economic bureaucrat in Canada.

Michael Sabia, a big-name corporate leader who has run the nation’s largest phone company and second-largest pension fund, was appointed deputy minister of finance Monday. The move formalizes the role he’s played since the early days of the pandemic as a top adviser to both Trudeau and his finance minister, Chrystia Freeland.